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Consider the following statements
  1. Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks.
  2. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections.
  3. There are incentives for UCBs if they achieve priority sector lending targets.
Which of the above statements is/are correct?
  • a)
    1 and 3
  • b)
    2 only 
  • c)
    1 and 2
  • d)
    2 and 3
  • e)
    All are correct 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements Priority sector lending target of Ur...
  • Priority Sector Lending target for UCBs is at par with the target applicable to commercial banks.
  • The banks have to lend at least 40% of the total credit to the priority sector and weaker section.
  • There are no penal provisions for non-attainment targets to priority sector and weaker sections by the UCBs
  • There are indirect incentives for UCBs such as
    • Branch expansion,
    • Expansion of the area of operation
    • Attainment of scheduled status.
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Consider the following statements Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections. There are incentives for UCBs if they achieve priority sector lending targets.Which of the above statements is/are correct?a)1 and 3b)2 onlyc)1 and 2d)2 and 3e)All are correctCorrect answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections. There are incentives for UCBs if they achieve priority sector lending targets.Which of the above statements is/are correct?a)1 and 3b)2 onlyc)1 and 2d)2 and 3e)All are correctCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Consider the following statements Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections. There are incentives for UCBs if they achieve priority sector lending targets.Which of the above statements is/are correct?a)1 and 3b)2 onlyc)1 and 2d)2 and 3e)All are correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections. There are incentives for UCBs if they achieve priority sector lending targets.Which of the above statements is/are correct?a)1 and 3b)2 onlyc)1 and 2d)2 and 3e)All are correctCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections. There are incentives for UCBs if they achieve priority sector lending targets.Which of the above statements is/are correct?a)1 and 3b)2 onlyc)1 and 2d)2 and 3e)All are correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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